Solar tax incentives offer substantial benefits for businesses. Initially, Section 12B allows accelerated depreciation of 100% on solar system costs. Effective March 1, 2023, this accelerates to 125%. For instance, a company investing R150,000 can reclaim 15% VAT, saving 27% on income tax, totaling R40,500.

Crucially, there’s no limit on income tax claims, focusing solely on initial solar costs. Understanding these incentives enables informed decisions and precise ROI (return on investment) calculations. Additionally, leveraging incentives can shrink carbon footprints, cut energy bills, and boost profits.